Savings: NS&I unlikely to reintroduce index Linked Certificates in 2012

National Savings & Investments (NS&I) has admitted that they are unlikely to reintroduce the ever popular Index Linked Certificates to new savers this year. Tax-free savings Our advisers can help you make the right decisions The Investment Sense team of Independent Financial Advisers in Nottingham Contact our team of advisers today: 0115 933 8433 info@investmentsense.co.uk...

Blow to best buy savings: NS&I cut their interest rates

National Savings & Investments (NS&I) has been forced to cut the interest rate on one of its most popular account after concerns were raised that it might breach its financing target. In a bid to maintain competition and fairness in the savings market, the Treasury set a net financing target for the amount of money NS&I can take in. For the year 2011/12 the target is £4 billion, however the latest forecast, released today, shows NS&I are likely to breach this figure by around £500 million. Security Over the past few years savers have flocked to NS&I as they look for a safe ...

Savings: Ideas to deal with high inflation and low interest rates

Our savings are under attack at the moment, historically low interest rates, combined with high inflation is eroding the capital of many savers. A typical saver, paying basic rate tax, and investing £50,000 in the best one year fixed rate will see the real value of their savings fall by £866 this year if inflation, using the CPI measurement, stays at 4.5%. Even for non tax payers or Cash ISA investors very few accounts offer an interest rate which beats inflation, for basic rate and higher rate tax payers the situation is dire, no accounts currently offer a rate of ...

Premium Bonds attract record investment

The amount invested in Premium Bonds grew by £1.5 billion in the 12 months to April 2011, despite an overall drop of £2.6 billion in the amount of money held with National Savings & Investments (NS&I). The increase, which is almost double the amount invested in the previous year, takes the total Premium Bonds prize fund to £43 billion. Return The rapid increase may surprise many due to the relatively poor return that Premium Bonds give. Premium Bonds do not attract interest in the traditional way; holders are entered into a monthly draw for prizes. Assuming “average luck” savers can expect a return of ...